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NVDA trade ideas

Thats two lower highs for NVDA...What is next??? NASDAQ:NVDA NASDAQ:QQQ TVC:VIX NVDA: A Looming Breakout or Breakdown? Nvidia (NVDA) has been on a rollercoaster ride lately, with its stock price exhibiting significant volatility. The recent formation of a lower high and a potential lower low suggests a downward trend may be in the works. A key support level lies around $98, marked by trendline support that held firm on February 21, April 22, and August 5. If NVDA breaches this level, it could signal a short-term reversal of the uptrend. Analyzing the 30-minute timeframe, we see a recent break below a bearish pennant, indicating further downside potential. If this bearish scenario unfolds, a price target of $85-90 seems plausible. Interestingly, this price target aligns almost perfectly with NVDA's 200-day Simple Moving Average (SMA). If the stock does indeed reach this level, it could present a compelling buying opportunity. However, the broader market may face challenges if NVDA's downward trajectory continues. Recent economic data, such as weaker job openings and rising unemployment, suggests a deeper market correction might be on the horizon. While the Federal Reserve is expected to cut interest rates at its next meeting, a larger-than-expected reduction could trigger market panic. The next few months promise to be exciting, and this period can offer opportunities for significant wealth creation. For now, I'm waiting on the sidelines, patiently observing the market's dynamics. Remember, Warren Buffett's recent moves are a testament to the importance of following the market's trends rather than blindly fighting against them.
NASDAQ:NVDA
by Average_Joe_Options
My short and longterm projection on SPY and NvidiaHi all, Welcome to my first published idea! Summery of the video: As it is a big move I felt the need to publish this. Making sure Bulls will know what could most probably happen in my opinion when SPY and Nvidia will reach the upcoming highs and make decision whether to hold or sell. I believe we have reached a temporary low on Nvidia and SPY on Friday Sept 6th. As we have seen after the YEN carry trade dip, I believe we will see a new run up creating a LPSY to 124.5 for Nvidia and 562 on SPY. This should be completed by if my theory is right in the last week of September, so Friday 27th. If these levels are indeed rejected we will see a significant down trend/ correction. I am basing this theory on the existing sell and buy OBs that are in place on these levels. Also if we look at the bullish run up that we have seem on both symbols it has not seen a proper correction yet. Also understanding how the market and Market makers work, I believe it needs to retest all these levels. Creating a what will look as a healthy pullback on the monthly charts back to the 200 EMA till March 2025. From there on we will see a change of sentiment and it will go back to bullish trend. But before that can happen SPY will have to hit 437 and Nvidia the absolute low of 14.5. Of course there is always a possibility we continue this bullish trend and this theory will be invalid if both break 124.5 and 562 and continue to move up through October. Hope you enjoyed this idea and happy trading! Trade what you see, not what you hope to see! Have beautiful day everyone!
NASDAQ:NVDALong
by Esperanza84
14
Bearish Engulfing Weekly is a strong SELL-signal ....!NASDAQ:NVDA Two weeks ago a Bearish Engulfing occured at Nvidia - This is a very strong signal as according to the Candle Expert Bulkovski points in 79% of occurences to much lower prices . Bearish Engulfing are also one of the most reliable candle formations! And the Red Candle was much bigger than the green. This weeks again red big down candle proofed just this (!) Together with Elliotwave 5 waves up to 140 past June, I think we are in the middle of an ABC correction which points to around 80..... ! At mom we are in C-Wave which very often has similar length as A, which points again to 80! And volumes are still not high enough to see a bottom in Selling ..........! www.tradingview.com Update idea
NASDAQ:NVDAShort
by Rolixc
5
Chart Pattern Analysis Of NVDA First of all, I must admit a fact that my previous analysis was totally wrong. I was too optimistic about the stock. I must change my mind and plan. K4 is a strong bearish candle with a bear gap under increasing volume. From K1 to K4, It is a strong bearish evening star pattern. It verified a fact that a potential large scale double top pattern is possible on the way. I have to cut off all my long positions at K4. A nearest support at the lower limit of the potential downtrend channel.
NASDAQ:NVDAShort
by nothingchangehere
3
Phase 4 broken, the hyperwave will be completedWe've seen this cycle across more or less in all kinds of assets. the MAG7 is no exception. As today, we've broken down from Phase 4, despise you like it or not, once these structures break down, PA(price action) will always find its way back to its true fair value. Already called it, but this time, we get a closer look towards the TA in NVDA. Sequentials are settled in, we're going for a 9 monthly count of sequential bars down, the intensity of the moves is yet to be known, but alas, we will have to look at SMA's and the range of the monthly Linear Regression, they all have supports around 80, 40, 20. And as usual, be safe, don't long this.
NASDAQ:NVDAShort
by achh
1
NVDA at a major inflection pointNVDA sold dramatically recently and now trading at a major key support level. Major support line being tested Need to wait and see if NVDA will break through to cause more selling or bounce off. If the uptrend does not provide enough support we will be looking at 96.00 roughly for next support NVDA is in a neutral zone right now. It could bounce off the current trend and rally or sell through to the next support. Best to wait and see where it goes for the moment.
NASDAQ:NVDA
by ratchet-mint
Short Setup: NVDA Rejection at Previous Month's Midpoint My trading approach is centered around price action, focusing primarily on the range of previous candles rather than relying on complex technical indicators. I believe that the price itself tells the most important story, and analyzing the behavior around key levels, such as previous highs, lows, and midpoints, gives me the clearest insight into future movements. By keeping my charts simple and clean, I reduce the noise and distractions, allowing me to focus solely on key price levels and ranges. NVDA Short Strategy: Repeated Rejection of Previous Month’s Midpoint (110.97) and Previous quarter midpoint (108.19) Signals Potential Drop to Previous 6 month mid(94.04) and potentially on down to (Previous Month’s Low (90.69) This strategy focuses on NVIDIA's consistent rejection of the previous month's midpoint around 110.97, signaling weakness. If NVDA fails to break or gap above this level, the likelihood of a move down to the previous month's low (90.69) increases. The key entry trigger would be another rejection at the 110.97 level, with a stop loss placed just above the midpoint. Target the previous month’s low at 90.69 for the short position. Premise: The stock continues to reject the previous month's and previous Quarters midpoint, suggesting weakness. If the price remains below this level and does not break or gap above it, there is a potential for further downside, targeting the previous month's low. Entry Trigger: Look for another clear rejection or failed retest of the previous month's midpoint around 110.97. Enter a short position if the price fails to break above or gap above the 110.97 level and starts to roll over. Confirmation Signal: Wait for a breakdown of near-term support levels, like the recent lows around 106-107, for additional confirmation. Target: The initial downside target would be the previous 6 month's mid at .@ 94.04 with the next target of the previous month Low @ 90.69. Stop Loss: Place a stop loss slightly above the previous month's midpoint (111-112) to protect against a reversal or gap above.
NASDAQ:NVDAShort
by MTF_ANALYST
1
A Rip Towards the Upside?First and foremost, I have to admit I'm a little biased on this prediction because I have calls expiring 9/6, but I'm going to break down my thought process for this trade... First thing I noticed was the 4H MACD starting to turn towards the upside. After earnings and a peak of 130, we slid all the way to the 104 region which equates to a 20% dip from the top... Coupled with being close to oversold on the 4H RSI, I think we're due for a recovery of some sort. On a Friday? Why not? The target would be the zone between 114-116 before we enter "the crossroads" again where it either holds or breaks through resistance, but truth be told, I don't care about that. I just want the rip roar recovery to get us there. Problem is, I'm a little out of the money with the 111 calls so in order to see some kind of decent profit, I'm gonna need a big spike. In the back of my mind I'm thinking, "Will Ms. Market react in a text-book kind of way?" Meaning, will she open and nosedive to fake-out call option holders just to then run it up 5-7%? I guess we'll see. I'm in this for about $650 which I can handle losing, but I'm betting against the trend, so we'll see...
NASDAQ:NVDALong
by Tsteves
1